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Interactive Home Entertainment Industry Stocks Technical Analysis - EAArchive
- 5/3/2024 -
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Electronic Arts (EA) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the Electronic Arts (EA). During the week, the EA gained 1.66 points, or 1.30%, and closed at 129.56 on Friday, May 3, 2024. It was the best weekly gain since February 16, 2024. Weekly volume was -19% below average.
EA is a member of Interactive Home Entertainment Industry. Interactive Home Entertainment is the seventh most oversold industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See EA long-term trend chart]
A long-term downtrend had started on July 13, 2018 at 151.26 and reached 73.91 on December 26, 2018. EA lost 77.35 points, or 51.14%, in 23 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 117.95 and resistance is at 149.06. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.
 Medium-term trend: [See EA medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 108.53 and reached 144.53 on February 15, 2024. EA gained -36.00 points, or -33.17%, in 48 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 127.32 and resistance is at 146.07. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since March 1, 2024. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See EA short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 125.11 and reached 130.46 on May 3, 2024. EA gained -5.35 points, or -4.28%, in 15 days. The price is now at the 16.82% retracement level.
 Daily Technical Indicators: [See EA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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